One of Thailand’s largest exchanges Bitcoin Co. Ltd. (BX.in.th) this Monday announced the impending exit from the business. According to a blog post on BX.in.th, the company will engage in the development of “other commercial opportunities,” which she refused to cite.
Starting September 6, users will no longer be able to make deposits, and after September 30, the exchange will stop servicing transactions. BX.in.th customers need to withdraw their funds to bank accounts or digital wallets no later than November 1. After this date, the website of the exchange will work exclusively for the connection of users with it.
The company also clarifies that it will not receive a virtual asset exchange license at the local Securities and Exchange Commission for 2020.
“We thank our loyal customers for using the BX.in.th services over the past 5 years. Please note that all funds remain completely safe, and all customers will receive a 100% return on assets, ”the exchange concludes.
According to CoinMarketCap, the volume of trading on BX.in.th over the past day amounted to about $ 15 million, of which more than 70% falls on a couple of bitcoins with Thai baht.
Against the background of today’s announcement, the Bitcoin exchange rate on BX.in.th at a certain point fell to 199,999 baht, which corresponds to $ 6,500, whereas on most world exchanges this morning cryptocurrency is trading about $ 9,800.